Mumbai’s ₹10 Cr-Plus Luxury Residential Units Clock Highest-ever Half-Yearly Sales of ₹14,750 Cr in H1 CY25

Mumbai, July 22nd, 2025: Mumbai’s INR 10 crore-plus luxury real estate market has set a new benchmark in the first half of 2025, recording the highest-ever half-yearly (H1 CY25) sales of INR 14,750 crore across primary and secondary transactions of homes priced above INR 10 crore.

India Sotheby’s International Realty, the leading transaction and advisory firm for luxury homes, and data analytics firm CRE Matrix released their report on the luxury housing market for H1 CY25 indicating an 11 per cent increase in sales during H1 CY25 compared to INR 12,300 crore in H1 CY24.

The surge in luxury sales reflects strong momentum in residential demand driven by rising wealth, investor confidence and the growing purchasing power of high-net-worth individuals.

Key Findings:

Strong Demand: Luxury home sales rose 11 per cent in H1 2025 versus the same period in 2024 with the INR 20–40 crore segment growing by 138 per cent compared to H1 2022.

Market Composition: The primary market accounted for nearly three-quarters of sales volume while the secondary market contributed INR 3,750 crore, both at their highest in five years.

Top Performing Localities: Worli retained its lead as the most preferred luxury destination, contributing 22 per cent of primary sales value. Other thriving micro-markets included Bandra West (192 per cent growth), Tardeo (254 per cent growth), Prabhadevi and Malabar Hill.

Buyer Profile: The 45–65-year age group remained the largest segment of buyers while those above 65 years grew to 15 per cent of sales.

Larger Homes Favoured: Apartments between 2,000–4,000 sq ft dominated, representing 70 per cent of primary sales.

“Mumbai’s luxury real estate market is at a pivotal moment. Record sales in H1 2025 signal sustained appetite for ultra-premium homes, especially in established micro-markets like Worli, Prabhadevi, Tardeo, Malabar Hill and Bandra West— driven by better infrastructure and a spate of high-quality new launches,” said Sudershan Sharma, Executive Director, India Sotheby;s International Realty.

“This demand is buoyed by India’s expanding wealth base. The UBS Billionaire Ambitions Report 2024 notes India now has 185 billionaires, more than double the number a decade ago, with collective wealth rising 263 per cent to $905.6 billion. That said, with continued global uncertainty around tariffs, geo-political conflicts and muted stock markets, the outlook for the remainder of 2025, while still positive, is expected to be more cautious and selective.”

Abhishek Kiran Gupta, Co-founder and CEO, CRE Matrix said, “Mumbai’s luxury real estate market hit a new high in H1 CY’25, clocking INR 14,750 Cr. in sales. Combined with H2 CY24, total sales over the past 12 months touched INR 28,750 crore—an all-time record.”

During this period, 1,335 luxury units were sold, the highest for any 12-month stretch. “The steady rise, particularly in the INR 20–40 crore segment, points to sustained buyer interest and a confident, though increasingly selective, high-end luxury buyer.”

The report indicates that this remarkable performance in the high-end segment mirrors a broader bullish trend observed in the overall residential property market. With the market showing resilience and continuous growth, the outlook remains positive.

Other Key Highlights

• 24 per cent buyers from the top 10 localities for luxury housing in Mumbai have their origins in localities situated beyond south Mumbai. This implies an upgrade of lifestyle and non-stickiness to their original locality.
• 7 per cent Goregaon East accounted for the highest proportion of homebuyers, amongst the top 10 localities, originating for luxury home purchases.
• INR 40 crore-plus homes register sharpest rise, tripling from 17 units in H1 CY22 to 53 in H2 CY24

Noteworthy Transactions

• INR 639 crore by Leena Gandhi Tiwari at Naman Xana, Worli
• INR 225.8 crore by Shaula Real Estate Pvt Ltd at Naman Xana, Worli
• INR 201.6 crore by AEX Real Estate LLP at Oberoi 360 West, Worli
• INR 185 crore by Seema Singh at Lodha Sea Face, Worli
• INR 155 crore by Apco Infratech Pvt Ltd at The Legend by Ashar, Bandra West

Upcoming Luxury Projects to Watch Out For

• The West Park by DLF, Andheri West
• Sunteck Nepean Sea, Nepean Sea Road
• Prestige Nautilus, Worli
• Rustomjee Crescent, Bandra West